Euro / Dolar A.S.Singkat
EUR/USD: Is the Downtrend Solidifying?
Dear friends!
As Karina predicted in her analysis yesterday, EUR/USD faced strong downward pressure after reaching a critical resistance zone. The increasing selling pressure drove the pair into a free fall, clearly illustrated by a series of consecutive red candles. At one point, EUR/USD reached 1.0340, stabilizing during today's trading session.
Notably, on the 1-hour chart, the pair has completed a "double-top" pattern, a classic signal indicating the potential for further declines. If EUR/USD swiftly breaks below the 1.0328 support level, it is likely to trigger even stronger selling pressure, pushing the next support level down to 1.0300. Should the weakening trend persist, the pair may test a local low at 1.0250.
However, there is still a possibility that the price might retest the liquidity levels in the most recent downward trend before continuing its decline.
With these developments, EUR/USD is steadily shaping a clear downtrend, presenting opportunities for bearish traders to capitalize on the upcoming waves. Stay vigilant and closely monitor the market to seize the next trading opportunities!
As Karina predicted in her analysis yesterday, EUR/USD faced strong downward pressure after reaching a critical resistance zone. The increasing selling pressure drove the pair into a free fall, clearly illustrated by a series of consecutive red candles. At one point, EUR/USD reached 1.0340, stabilizing during today's trading session.
Notably, on the 1-hour chart, the pair has completed a "double-top" pattern, a classic signal indicating the potential for further declines. If EUR/USD swiftly breaks below the 1.0328 support level, it is likely to trigger even stronger selling pressure, pushing the next support level down to 1.0300. Should the weakening trend persist, the pair may test a local low at 1.0250.
However, there is still a possibility that the price might retest the liquidity levels in the most recent downward trend before continuing its decline.
With these developments, EUR/USD is steadily shaping a clear downtrend, presenting opportunities for bearish traders to capitalize on the upcoming waves. Stay vigilant and closely monitor the market to seize the next trading opportunities!
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NO‼️
You❗️CAN and ❗️SHOULD make money with trading!
Join me, and I’ll guide you toward PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/+paad547_JSVjNTll
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